My son bought a used 2012 Chevy Volt 5 years ago (at my encouragement), and while it has been a good car until now, the battery is going bad and my dealer quoted us $23,500 to replace it (crazy huh??) or I could replace it with a greentecauto refurb battery with 18 month warranty for $7K. I think it is time to cut bait. He is moving to another city, and I don't want to saddle him with a unreliable car. I have been all in on ~electrics (2 Teslas and 2 Volts), but hard to justify any sort of EV at this point given the price and the fact that his new place has no convenient charging options. I told him I would contribute $8K towards a car purchase as well as whatever he can get in trade-in, and co-sign a loan on the rest as long as it has 5 years left on at least the powertrain portion of the warranty. To make it affordable for him, that puts it into the <$21K range.
I am pretty sure EV's are going to decimate the ICE values over the next 5 years - anybody have thoughts on the best strategy/vehicle options that might not be hit as hard? I was actually heavily leaning towards a Kia/Hyundai new or newish base car given their warranty. Thoughts?
I am pretty sure EV's are going to decimate the ICE values over the next 5 years - anybody have thoughts on the best strategy/vehicle options that might not be hit as hard? I was actually heavily leaning towards a Kia/Hyundai new or newish base car given their warranty. Thoughts?